Compliance Handbook

CH - Compliance Handbook: recent changes

Below are details of the amendments that were published on 30 September 2011 (see the update index for all updates)

Page

Details of update

CH62020

The wording after the heading 12 month further penalties has been updated for clarity.

CH84971

Lateness penalty changed to late filing penalty and page updated for clarity.

CH140000

This new section provides technical guidance about Sections 101 to 105 of Finance Act 2009, along with technical guidance for Schedules 53 and 54 to that Act.

The technical guidance covers late payment interest and repayment interest.

It details the taxes to which the interest regimes apply, and explains when interest is chargeable or payable, and how interest is calculated.
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| CH150500 | The guidance on penalties for failing to pay on time has been extended to include IT and CGT from 2010/11 tax year - to file on 31/10/11 or 31/1/12 and balancing payments due on or after 31/1/12.
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| CH155000 | A new chapter on how the penalties for failing to pay on time apply to income tax and capital gains tax.
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| CH190000 | We have updated this chapter substantially for our change of practice and have changed our explanation about how to work out whether HMRC can publish a deliberate defaulter’s details.

Change of practice

When adding up the Potential Lost Revenue (PLR) for two or more relevant penalties found from an investigation, to see whether the total comes to more than £25,000, you must not include any PLR that relates to a relevant penalty that has received the maximum reduction for the quality of the disclosure.

As soon as the qualifying PLR for relevant penalties that have become ‘final’ exceeds £25,000, you must refer the case to TAA even if there are other potential relevant penalties found from the investigation that have not yet become final.

The updated guidance describes better what is meant by the term ‘investigation’ as people have indicated that they are not clear about this.

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